Oficial del gobierno cuestiona derecho a ejecuciones hipotecarias

Lawmaker Questions Power to Foreclose

By ROBBIE WHELAN
Wall Street Journal
Nov. 1, 2010

A Virginia lawmaker asked the state's attorney general to launch an investigation of Mortgage Electronic Registration Systems, the middleman firm in millions of court filings that helps keep the mortgage-securitization machine moving.

Robert G. Marshall, a Republican member of the Virginia House of Delegates, requested that Virginia Attorney General Ken Cuccinelli determine whether the Reston, Va., company violates state law because it doesn't pay a fee every time a loan changes hands.

PB Post: El Robin Hood de los dueños de casa lucha contra los gigantes de las ejecuciones hipotecarias

Homeowners' Robin Hood fights foreclosure giants


10/14/2010 © Palm Beach Post

Tom Ice was a desert boy who wanted to be Jacques Cousteau. He earned the degree and everything, leaving his home in Santa Fe, N.M., to study ocean engineering at the University of Miami.

But the former high school debater had an inexplicable change of heart, one that led him from the rhythmic comfort of the ocean to the tense arguments of the courtroom. Ice, 50, has emerged as a Robin Hood of sorts in the tangled world of foreclosures, representing homeowners and fighting powerful law firms backed by big banks.

From his West Palm Beach home - he doesn't have an office at his firm in Ice's legal wrangling is largely recognized for contributing to the nationwide suspension of foreclosures enacted by several major lenders. On Wednesday, attorneys general from every state launched a nationwide probe of loan servicers.

Ice credits his engineering background for his attention to detail and years of litigating for his tenacity. He was trained, he said, to doubt everything the other side says and "look under every rock." What he and his wife, Ariane, found buried under boulders of foreclosure paperwork were backdated documents, affidavits sworn to by bank employees processing thousands of foreclosures a month, and questionable assignments of mortgages coming out of the Mortgage Electronic Registration System, or MERS.

Titulos usados por Jeffrey Stephan de GMAC

FORECLOSURE FRAUD – TITLES USED BY JEFFREY STEPHAN OF GMAC

Posted by 4closureFraud on September 17, 2010

Jeffrey Stephan,  who actually works for GMAC Mortgage Corp. in Montgomery County, PA, signs thousands of Mortgage Assignments each month as an officer of other banks and mortgage companies in order to transfer mortgages TO GMAC.

In Florida, the law firms that regularly present documents signed by Jeffrey Stephans as “proof” that GMAC has standing to foreclose include The Law Offices of Marshall Watson, The Law Offices of David Stern and Florida Default Law Group.

Stephan has admitted in depositions that he has no personal knowledge of the facts of documents he signs, does not verify the facts, and often does not sign in front of a notary (though the documents are eventually notarized).

Titles used by Jeffrey Stephan include the following:

El escandalo MERS expuesto y explicado

MERS Scandal Exposed and Explained

Posted on December 9, 2008 by Neil Garfield


Kevin Lamson Said,


So can anyone guess the name of “organization” that was formed by Countrywide’s, Anthony Mazillo and Fannie Mae’s, James Johnson ten years ago, it start with an M? No not the Mafia. It’s Mortgage Electronic Registration Systems Inc. commonly referred to as MERS. Yes that’s right Countrywide and Fannie Mae were the lead organizers of MERS and are shareholders and “members” of MERS.


Here are excerpts from an investigative report on MERS I have been working on for the last several months. This may help shed some much needed light on MERS and the cozy relationships many of its so-called ‘members” have between each other and with our congress. It may also explain why no one in congress has bothered to investigate MERS and it crazy “paperless” system that these greedy mortgage executives invented so they could line their pockets by originating and flipping phony mortgage loans into so-called mortgage backed security trusts and then selling trillions of dollars of bonds to investors around the world. By reporting false profits from these sales Fannie Mae’s and Countrywide’s executives were able to make hundreds of millions of dollars in “bonuses”.


Given the extremely close relationship that MERS, its many corporate members have with the politicians who run our state and federal governments, it is not surprising that MERS and it members were able to pull off this gigantic global financial scheme without raising the brow of a State or Federal law enforcement or regulators. Only now are a few politicians and regulators paying lip service to what they refer to as the “Mortgage Meltdown”. What no politician or regulator ever seems to mention is that a millions of the mortgages that “melted down” have the name Mortgage Electronic Registration System Inc. on them.

Lo último en fraude hipotecario: el pago "balun"

'Blimp payment': the latest in mortgage fraud?

By Molly Priesmeyer

Tuesday, Jan. 15, 2008

Subprime was voted 2007's word of the year by the American Dialect Society. As 2008 opens, other dubious mortgage loans are surfacing, ripe for nicknames.

One such loan has a familiar name — balloon payment. But this latest version could be called a "blimp payment."

A lawsuit filed in December in Hennepin County District Court details the unfortunate case of South Minneapolis homeowner Stanzer Knox, who discovered that refinancing his house in early 2006 saddled him with, in effect, a 40-year mortgage.

Though he thought he had taken out a 30-year $185,000 loan, Knox and lawyer Mark Ireland eventually found in the fine print that he would have to make 10 years' worth of payments all at once at the end of the 30-year term.

Total amount of the blimp payment? $121,062.58.

Such details of the loan emerged after Knox fell behind on his mortgage payments and was threatened with foreclosure proceedings in May 2007, Ireland says. Knox's lawsuit claims that Homestead Mortgage Co., an Arden Hills-based business described as "inactive," violated a number of provisions in the Real Estate Settlement Procedures Act, among other statutes. The current loan holder, a Delaware company called Mortgage Electronic Registration System (MERS), did not return MinnPost's calls for comment.

Continuar leyendo aquí: http://www.minnpost.com/stories/2008/01/16/584/blimp_payment_the_latest_in_mortgage_fraud


Documentación completa de la demanda de Stanzer Knox aquí: 
http://www.hppinc.org/_uls/resources/Knox_Amended_Complaint.pdf